10-K · February 13, 2026
Brunswick presents a diversified, technology-focused marine portfolio with clear strategic emphasis on product innovation (ACES: Autonomy, Connectivity, Electrification, Shared-Access), scale in propulsion and boats,…
Earnings analysis · 10-Q
BC earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Brunswick Corporation's Q1 2026 revealed a significant recovery with revenues of $1.38 billion, up 12.8% year-over-year, and adjusted diluted EPS soaring to $0.70, exceeding expectations. Although cash flow from…
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Brunswick Corporation's Q1 2026 revealed a significant recovery with revenues of $1.38 billion, up 12.8% year-over-year, and adjusted diluted EPS soaring to $0.70, exceeding expectations. Although cash flow from operations remained negative at -$63.7 million, strong segment performance indicated continued demand and market share gains, particularly in Propulsion and Engine P&A segments.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.7
- Segment
- Propulsion
- Segment
- Engine P&A
- Segment
- Navico Group
- Segment
- Boat
What stood out
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Revenue Growth
Q1 2026 revenue reached $1.38 billion, a 12.8% increase compared to Q1 2025.
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EPS Surprise
Adjusted diluted EPS amounted to $0.70, surpassing consensus estimates of $0.45.
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Propulsion Segment Strength
Propulsion segment net sales grew 17.3% to $571.3 million driven by strong OEM orders.
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Engine P&A Segment Growth
Engine P&A sales increased by 13.5% to $289.8 million, benefiting from early season boating participation.
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Cash Position Improvement
Total cash, cash equivalents, and short-term investments improved to $278.6 million from $257.6 million at year-end.
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Capital Expenditure Focus
Capital expenditures totaled $57.2 million, reflecting ongoing investments in new products and technologies.
What to watch
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Negative Operating Cash Flow
Operating cash flow was negative at -$63.7 million, worsening from -$13.4 million in Q1 2025.
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Increased Debt Levels
Total debt rose to $2.3 billion from $2.1 billion in Q4 2025, increasing leverage concerns.
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Diminished Operating Earnings
Operating earnings reduced to $50.3 million from $56.3 million YoY, driven by rising costs and tariffs.
Management's outlook
Management raised full-year EPS guidance to $4.00 - $4.50, reflecting confidence in continued demand.
Earlier filings 4
10-Q · October 30, 2025
Brunswick reported Q3 2025 revenue of $1,360.2 million, up from $1,273.3 million in Q3 2024, but results were dragged down by large restructuring and impairment charges that produced an operating loss of $242.2 million…
10-K · February 14, 2025
Brunswick emphasizes a technology-driven, multi-pronged strategy (ACES: Autonomy, Connectivity, Electrification, Shared Access) and heavy product cadence ("launched over 100 products in 2024") to expand boating…
10-Q · October 30, 2024
Brunswick reported Q3 net sales of $1,273.3 million and diluted EPS of $0.67, with operating earnings of $98.4 million — all materially below the prior-year quarter. Revenue and operating margin contracted sharply YoY,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.